With the UAW strike entering its 5th week, Professor Emeritus of Economics at the University of Massachusetts, William Lazonick co-authored a paper detailing the actual pay of CEOs, especially focusing on GM CEO Mary Barra, with relation to the average worker. The calculation numbers of the unions were corrected with stock options and other compensations, now calculated at 479 times the average auto worker. Lazonick argues for a ban on “stock buy-backs”, calling them “toxic” to the company, only benefitting the CEOs and shareholders.

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